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In India, six joint stock companies were set up by ____in the 1830s.

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Detailed Solution

Six joint stock companies were set up by Dwarkanath Tagore in the 1830s in India. Dwarkanath was well-known for his significant contribution to the Bengali Renaissance. After making a living through trade, some businessmen like Tagore attempted to create industries in India. Before becoming an industrial investor, he made a lot of money in China's trade. He established six corporations in the 1830s and 1840s. He was among the first Indian businessmen and entrepreneurs. Dwarkanath Tagore thought that industrialisation and westernisation would help India advance. He made investments in mining, banking, plantations, insurance, shipping, and shipbuilding.

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